WINMARK CORP — Director's Dealing 2023

Apr 27, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2023-04-26

Reporting Person: Ishaug Anthony D (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-26	Common Stock	M	3500	$82.72	Acquired	48648	Direct
2023-04-26	Common Stock	S	2995	$338.62	Disposed	45653	Direct
2023-04-26	Common Stock	S	404	$340.15	Disposed	45249	Direct
2023-04-26	Common Stock	S	101	$341.97	Disposed	45148	Direct
2023-04-26	Common Stock	M	2331	$59.77	Acquired	47479	Direct
2023-04-26	Common Stock	M	698	$143.20	Acquired	48177	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-04-26	Employee Stock Option (right to buy)	$59.77	M	2331	Disposed	2023-06-01	Common Stock (2331)	Direct
2023-04-26	Employee Stock Option (right to buy)	$143.20	M	698	Disposed	2028-06-01	Common Stock (5000)	Direct
2023-04-26	Employee Stock Option (right to buy)	$82.72	M	3500	Disposed	2023-12-16	Common Stock (7500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$66.29	2024-06-01	Common Stock (5992)	5992	Direct
Employee Stock Option (right to buy)	$80.32	2024-12-15	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$91.93	2025-06-01	Common Stock (5713)	5713	Direct
Employee Stock Option (right to buy)	$90.99	2025-12-14	Common Stock (6800)	6800	Direct
Employee Stock Option (right to buy)	$98.25	2026-06-01	Common Stock (5783)	5783	Direct
Employee Stock Option (right to buy)	$125.50	2026-12-12	Common Stock (6800)	6800	Direct
Employee Stock Option (right to buy)	$122.50	2027-06-06	Common Stock (4184)	4184	Direct
Employee Stock Option (right to buy)	$134.25	2027-12-11	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$156	2028-12-11	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$164.84	2029-06-01	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$176.2	2029-12-16	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$143.87	2030-06-01	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$183.87	2030-12-14	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$195.82	2031-06-01	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$261.32	2031-12-13	Common Stock (5700)	5700	Direct
Employee Stock Option (right to buy)	$197.8	2032-06-01	Common Stock (5920)	5920	Direct
Employee Stock Option (right to buy)	$238.60	2032-12-12	Common Stock (3780)	3780	Direct

Footnotes

F1: 2,995 shares sold at an average price of $338.62 with a range of $338.62 to $338.63, to cover a portion of the payment of exercise price of and taxes due on option exercises included on the Form 4.

F2: 404 shares sold at an average price of $340.15 with a range of $340.00 to $340.30, to cover a portion of the payment of exercise price of and taxes due on option exercises included on the Form 4

F3: 101 shares sold at an average price of $341.97 with a range of $341.96 to $342.90, to cover a portion of the payment of exercise price of and taxes due on option exercises included on the Form 4

F4: 25% per year for four years